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AUD/USD sub 0.9100 but consolidating?

FXstreet.com (London) – AUD/USD has started to find some support just below the 0.91 handle.

TD Securities strategists note that the AUD is the top G10 FX performer overnight on the back of a stronger Australian Capital expenditure report. “A solid New Zealand business confidence survey also added to the lift for the Antipodeans generally. The AUD/USD has decently bounced, but the bigger, broader issue for is still QE tapering from the Fed in the coming months that should keep the trend lower overall”.

AUD/USD Levels

The 20 DMA is 0.9345, the 50 DMA is 0.9427 and the 200 DMA is …read more